Glen Burnie Bancorp (NASDAQ:GLBZ) Short Interest Update

Glen Burnie Bancorp (NASDAQ:GLBZ) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 3,100 shares, a decline of 6.1% from the June 30th total of 3,300 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 10,300 shares, the short-interest ratio is currently 0.3 days.

Glen Burnie Bancorp Trading Down 1.2 %

NASDAQ:GLBZ opened at $4.66 on Wednesday. Glen Burnie Bancorp has a 1 year low of $3.37 and a 1 year high of $8.25. The stock has a market cap of $13.47 million, a price-to-earnings ratio of 13.31 and a beta of 0.63. The stock has a 50-day moving average price of $4.23 and a two-hundred day moving average price of $5.32.

Glen Burnie Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Monday, July 22nd will be paid a $0.10 dividend. The ex-dividend date is Monday, July 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 8.58%. Glen Burnie Bancorp’s payout ratio is 114.29%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. Private Advisor Group LLC bought a new stake in Glen Burnie Bancorp (NASDAQ:GLBZ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,266 shares of the financial services provider’s stock, valued at approximately $80,000. Private Advisor Group LLC owned 0.46% of Glen Burnie Bancorp at the end of the most recent quarter. 9.78% of the stock is owned by institutional investors.

About Glen Burnie Bancorp

Glen Burnie Bancorp operates as the bank holding company for The Bank of Glen Burnie that provides commercial and retail banking services to individuals, associations, partnerships, and corporations. The company offers savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, IRA and SEP accounts, and certificates of deposit.